Trade Recommendation 15-19th Apr

CPM Group

Commodities Research

Timestamp (GMT)
12th Apr 14:18 £31.64g
Direction
Buy
Target Price / Range
£31.89g
Timeframe
15-19th Apr

These trade recommendations are brought to you by CPM Group.

Due to market conditions, the views and positions of trade recommendations can quickly change. We strongly advise you to monitor our published trade recommendations on an ongoing basis.

Technicals: Gold prices have moved in a volatile range recently, from £31.59 to £32.12 per gram ($1,292.90 to $1,314.70 /oz) . Gold is likely to continue to trade in this wide range. Economic data has been mixed over the past few weeks, pushing and pulling at gold prices. Brexit issue deadlines appear to now have been pushed back potentially at least until October. That said, there will continue to be swings in the gold price related to ongoing Brexit talks. The U.S. economy meanwhile is slated to grow at a slower pace than last year, and the Fed has suggested no interest rate changes this year, both of these factors should be supportive of prices. Additionally ongoing trade talks between the U.S. and its major trading partners should continue to underpin gold prices. It will be interesting to see how markets react later this month when first quarter growth figures are reported.

Join the rush.
Become a pioneer

Never miss out on a trade: you can enter price alerts
and limit prices on the Goldex app.
  1. Important Disclaimer
    Past performance is no indication or guarantee of anticipated future profits and neither Goldex nor CPM can accept any liability or responsibility for any loss suffered as a result of gold price fluctuations. Gold as a commodity is not a specified investment for the purpose of giving advice under the Financial Services and Markets Act 2000. Therefore this trade recommendation does not give rise to rights to claim compensation under the Financial Services Compensation Scheme. CPM is a registered CTA with the U.S. NFA and CFTC. At times the principals and associates of CPM may have positions in the precious metals, commodity and equities markets. CPM also manages investment and industrial positions in markets for its clients.

Join the rush.
Become a pioneer